*We started the morning with inflation data from England. Headline CPI was 7.9% and Core CPI was 6.9%, falling behind the previous month. After the declining inflation data, we saw a pullback of about 100 pips on the Sterling side. This data is a positive development for the UK economy and could lower the odds of the Bank of England being overly hawkish.

*Inflation in the Euro Zone, which came at noon, slowed down on an annual basis and was realized as 5.5%. Monthly headline inflation was 0.3%. On the other hand, core inflation accelerated, increasing by 5.5% annually and by 0.4% on a monthly basis. In the light of these data (especially core inflation), we do not expect any change in the monetary policy language of the European Central Bank and we expect it to maintain its hawkish stance.

*Construction starts in the US decreased by 8% in June. It was well below the expectation and there was a high regression compared to the previous month.

*It was announced that more than 2 million tourists, both business and leisure, arrived in Japan last June for the first time since the pandemic. It was stated that although this situation is important for local businesses and tourism, it still remains 28% below the data in June 2019.

* In parities, EURUSD 1.1220, GBPUSD 1.2915, Ounce Gold 1975 and USDJPY parity are priced at 139.50.
The US 10-year bond yield did not recover much and remained around 3.75%.